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Ericsson sales fall 11% in Q2, sees weak H2
2016-07-19 08:37:00| Telecompaper Headlines
(Telecompaper) Ericsson reported a further slowdown in sales in the second quarter, with revenues falling 11 percent year-on-year to SEK 54.1 billion due to the economic weakness in parts of the world. The company's main growth markets, China and North America, posted flat sales, and sales grew only in southeast Asia and Oceania. Ericsson said it expects the sales trend to continue in the second half of the year. A larger share of mobile broadband coverage contracts and services business led to a fall in the gross margin to 32.3 percent from 33.2 percent a year ago, and the operating margin dropped to 5.1 percent from 5.9, also impacted by a negative revaluation effects of currency hedge contracts. Net profit declined 26 percent year-on-year to SEK 1.6 billion, and operating cash flow was a negative SEK 0.7 billion. Ericsson said it will take further actions to reduce costs, targeting a new annual run rate of operating expenses, excluding restructuring charges, of SEK 53 billion in the second half of 2017.
Tags: sales
fall
weak
ericsson
Columbia team develops simple, low-cost, scaleable membraneless electrolyzer fabricated with 3D printing for H2 production
2016-05-09 13:56:15| Green Car Congress
Tags: simple
team
production
printing
Audi expanding e-gas capacity through partnership with Viessmann; power-to-gas with biological methanation of CO2 and H2
2016-02-29 18:56:15| Green Car Congress
Tags: capacity
partnership
biological
expanding
Qualcomm profit falls less than expected, sees better H2
2016-01-27 23:01:00| Telecompaper Headlines
(Telecompaper) Qualcomm reported a smaller-than-expected drop in profit for its fiscal first quarter to December, citing strong 3G/4G device shipments and its cost-cutting efforts. Revenues were still down 19 percent year-on-year to USD 5.8 billion, while net profit dropped 24 percent to USD 1.5 billion. EPS declined 15 percent to USD 0.99, a smaller drop than the 23-32 percent forecast earlier by the company. For fiscal Q2, Qualcomm forecast a further drop in sales, of 17-29 percent on an annual basis to USD 4.9-5.7 billion. EPS is expected to improve 10-25 percent from a year earlier to USD 0.90-1.00, helped by its share repurchases. The company said design traction for its new Snapdragon 820 processor remains strong, and it expects improving trends in the chipset business in the second half of fiscal 2016.
Tags: expected
falls
profit
sees
Hydrogen Education Foundation announces 6 contestants for $1M H2 Refuel H-Prize
2015-11-10 12:55:52| Green Car Congress
Tags: education
foundation
announces
hydrogen
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